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  2. The 9th CERF Cavalcade Wednesday 18th May 2022, 2.30 ...

    https://www.cerf.cam.ac.uk/files/media/cerf_cavalcade_programme_18_may_2022.pdf
    28 Apr 2022: payout. However, the acquisition cost can erode the benefits. The influence of cost is time-varying as the value of information increases (decreases) in bad (good) times. ... With dynamic learning, the firm responds to good and bad news differently, and
  3. The 9th CERF Cavalcade Wednesday 18th May 2022, 2.30 ...

    https://www.cerf.cam.ac.uk/sites/www.cerf.cam.ac.uk/files/media/cerf_cavalcade_programme_18_may_2022.pdf
    28 Apr 2022: payout. However, the acquisition cost can erode the benefits. The influence of cost is time-varying as the value of information increases (decreases) in bad (good) times. ... With dynamic learning, the firm responds to good and bad news differently, and

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